EUR/USD wobbles around 1.1100

By FXStreet FXStreet (Edinburgh) – The offered tone remains intact around the single currency on Friday, with EUR/USD now hovering over the 1.1100 neighbourhood.

EUR/USD capped by 1.1200

The pair has quickly faded the ephemeral test of the boundaries of 1.1200 the figure in the wake of the US labour market data, although the bullish attempt lost momentum and reverted to test sub-1.1100 levels.

US labour market continues to outperform, as seen by the lower jobless rate despite the miss in Payrolls, although it remains to be seen whether today’s results are enough for the Fed to announce the normalization of its monetary policy at this month’s meeting.

EUR/USD key levels

At the moment the pair is losing 0.14% at 1.1107 with the immediate support at 1.1057 (low Aug.12) ahead of 1.1017 (low Aug.20) and finally 1.1000 (psychological level). On the upside, a breakout of 1.1294 (high Sep.2) would target 1.1320 (high Sep.2) en route to 1.1333 (high Sep.1).
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Source:: FX Street